This slide is nothing new, actually, but a good way of communicating that the mNAV can be played by Strategy to fuel further growth.
Nothing new but not too old either. Strategy has been selling common stock with an ATM of less than 2MNAV until recently. It remains to be seen how they manage to increase the liquidity of preferred stocks in order to finance bitcoin purchases. I imagine that the success of STRC's IPO has given them confidence because just a few weeks ago, what they were selling with the ATM of preferred stocks vs. the ATM of common stock was laughable.